Gas Prices Remain Steady Before Holiday Weekend

Memorial Day is still a week away but many are already planning for the long weekend and for many that means a few tanks of gas.

While prices on gas have shot up almost 9 cents a gallon nationally, here in Northern Nevada the rise has been just under 2 cents a gallon over this past week.

That makes our prices here a dime a gallon less than prices in the Midwest. And officials with Gasbuddy.com say that's a first.

"It's a set of circumstances causing it," says Gregg Laskoski with Gasbuddy.com. "Chicago was experiencing a supply shortage and the refineries there were down. So they went to Plan B. And Plan B was to get the gas from Oklahoma and Kansas. Their weather problems have shut down those refineries. So prices there are higher than New York, or Los Angeles or Honolulu. The highest prices in the country right now are in the Twin Cities."

Locally, prices are up a bit. But that's not due to the Midwest really.

"Our prices are up a bit," says AM/PM Owner Dick Davis. "But that's a supply and demand thing with Memorial Day around the corner. In fact, they may go up a little more as people come in and need more gas for the big weekend but I expect the prices to drop after that. I can't swear that but that's my best guess."

"We think it's an incredible turn of events," says Gregg Laskoski. But we also view it as an episode not a long term trend. In fact we think it will correct itself in 2-3 weeks.

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